Practice Problems Intrayear Compounding

Practice Problems Intrayear Compounding - 4. If you deposit...

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Intrayear Compounding Handout 4 1. You deposit $300 every six months for three years. Interest is 6%, compounded semiannually. How much will you have in three years? 2. What is the present value of $5000 to be received in five years if interest is 12%, compounded quarterly? 3. If you deposit $100 every month for two years and interest is 12%, compounded monthly, how much will you have at the end of that time?
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Unformatted text preview: 4. If you deposit $500 now and earn 8% interest compounded semiannually, how much will you have in four years? 5. You buy a new car and the loan is for $10,000 to be repaid in three years in monthly installments to include annual interest of 12%. How much will the payments be?...
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This note was uploaded on 03/16/2012 for the course FIN 300 taught by Professor Haroldwilliamson during the Spring '12 term at S. Alabama.

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